ICTSI Challenges Maersk-Hapag-Lloyd Consortium's Costa Rica Port Concession
International Container Terminal Services (ICTSI) has successfully initiated a formal review of the Puerto Caldera port concession in Costa Rica, which was previously awarded to a consortium supported by Maersk and Hapag-Lloyd. Costa Rica's Comptroller General's Office has…
International Container Terminal Services (ICTSI), a Philippine-based terminal operator, has successfully pushed for a formal review of the concession award for Puerto Caldera in Costa Rica. This concession had been granted to a consortium that includes significant backing from major ocean carriers Maersk and Hapag-Lloyd. Costa Rica's Office of the Comptroller General of the Republic (CGR) has formally accepted ICTSI's appeal, indicating a serious challenge to the initial decision.
This development intensifies the competition for control over a crucial port in Costa Rica. The involvement of major shipping lines like Maersk and Hapag-Lloyd in a port operating consortium highlights the growing trend of vertical integration within the logistics sector, where carriers seek to control more aspects of the supply chain, including terminal operations.